TABLE 94 FRANCE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 1.1 OBJECTIVES OF THE STUDY 6.8 PATENT ANALYSIS RWE can be produced through various study designs or analyses, including but not limited to randomized trials, large simple trials, pragmatic trials, and observational studies (prospective or retrospective). 13.3 CUSTOMIZATION OPTIONS TABLE 73 EUROPE: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) - 122) The .gov means its official.Federal government websites often end in .gov or .mil. TABLE 11 KEY BUYING CRITERIA FOR TOP 3 END USERS, 7 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT (Page No. With the given market data, MarketsandMarkets offers customizations as per your companys specific needs. RWE offers solutions to these issues as well as the ability to examine the effects of medications over a longer time frame. The real-world data (RWD) market is expected to grow at a CAGR of 7.4% from 2022 to 2029 to reach $1.66 billion by 2029. Hence, the rising emphasis on using comprehensive RWE data is propelling the markets growth.Market Restraining FactorsMedical professionals and researchers reluctance to depend on real-world studiesNon-randomized observational studies have historically not been seen as appropriate for evaluating novel medical interventions or treatments due to methodological and research design concerns, such as the possibility of confounding and bias. Not only is the platform used by regulators like the FDA, but payers . The increasing emphasis on clinical value evidence for choices to offer coverage and the rising cost of therapy is responsible for expanding the reimbursement/coverage and regulatory decision-making segment. This is a record-breaking level of inflows, which raises the question: what are investors buying? RWD can come from a number of sources, for. The global real world evidence solutions market in terms of revenue was estimated to be worth $1.5 billion in 2022 and is poised to reach $2.9 billion by 2027, growing at a CAGR of 15.2% from 2022 to 2027. : BUSINESS OVERVIEW TABLE 150 REST OF ASIA PACIFIC: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) FIGURE 21 EMERGING MARKETS TO REGISTER HIGHER GROWTH RATES DURING THE FORECAST PERIOD, 5 MARKET OVERVIEW (Page No. These variations can affect reimbursement, patient access, and potentially healthcare outcomes across health plans during the pharmaceutical technology assessment (PTA) process. "Volume of Data/Information Created, Captured, Copied, and Consumed Worldwide from 2010 to 2020, with Forecasts from 2021 to 2025 (in Zettabytes). $12 billion - the worldwide market size of AR/VR in 2020. As a result, an opportunity for an end-to-end approach to leverage the data, evidence, and knowledge assets of a life sciences organisation has been created, which is helping to break down the conventional silos and is enabling insight-driven decision-making from the phase of product R&D to its commercialization. Science and Research Special Topics, Recalls, Market Withdrawals and Safety Alerts, Considerations for the Design and Conduct of Externally Controlled Trials for Drug and Biological Products, Submitting Documents Using Real-World Data and Real-World Evidence to FDA for Drug and Biological Products, Framework for FDAs Real-World Evidence Program, Assessing Electronic Health Records and Medical Claims Data To Support Regulatory Decision-Making for Drug and Biological Products, Assessing Registries to Support Regulatory Decision-Making for Drug and Biological Products, Considerations for the Use of Real-World Data and Real-World Evidence To Support Regulatory Decision-Making for Drug and Biological Products, Data Standards for Drug and Biological Product Submissions Containing Real-World Data, Submitting Documents Utilizing Real-World Data and Real-World Evidence to FDA for Drugs and Biologics, Use of Electronic Health Records in Clinical Investigations, Use of Real-World Evidence to Support Regulatory Decision-Making for Medical Devices. 12.1.17 CLINIGEN In 2021, the real-world datasets segment accounted for the larger share of the overall real-world evidence solutions market. the market is growing at a steady rate and with the rising adoption of strategies by. 6.7.1 NORTH AMERICA The size of the professionally managed real estate market also continued to grow in 2021, rising to USD 11.4 trillion from USD 10.5 trillion in 2020. RWE helps and provides a means for demonstrating value, ranging from confirming randomized trial benefits in real-world populations to a fuller characterization of resource impacts. TABLE 129 JAPAN: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 178 LABCORP HOLDINGS: BUSINESS OVERVIEW You need a Statista Account for unlimited access. 11.8.4 DYNAMIC COMPANIES Real-world evidence (RWE) solutions vendors may have more opportunities to increase their investments during the medication development cycle due to the growing demand for comprehensive evidence services all throughout the product lifetime.Application OutlookBased on Application, the Real World Evidence Solutions Market is segmented into Drug Development & Approvals, Medical Device Development & Approvals, Reimbursement/Coverage & Regulatory Decision Making, and Post Market Safety & Adverse Events Monitoring. 12.2.4 TEMPUS LABS INC. As a Premium user you get access to background information and details about the release of this statistic. 2.1.2.1 Key data from primary sources The site is secure. 7.3.1.1.1 Increasing utilization of EHR data for trial recruitment to fuel growth The healthcare companies segment witnessed the maximum revenue share in the real world evidence solutions market in 2021. TABLE 147 INDIA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) Note 3: Companies are classified into tiers based on their total revenue. Quick Buy Real World Evidence Solutions Market - Global Opportunity Analysis and Industry Forecast (2021-2028), : https://www.meticulousresearch.com/Checkout/71850364. TABLE 45 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) FIGURE 54 ELEVANCE HEALTH: COMPANY SNAPSHOT (2021) TABLE 88 UK: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) A database of the key industry leaders was also prepared using secondary research. Pharmaceutical companies are focusing on evidence to create a more holistic picture of a drug's value and demonstrate the newly developed drug's value outside of clinical trials. 6.7.3.2 Japan Thus, aiding in the dismantling of traditional silos and enabling insight-driven decision-making from the product R&D stage to its commercialization. Despite the rapid adoption of RWE across applications, some stakeholders remain reluctant to rely on real-world studies. R&D is very important in the pharmaceutical business in particular. | Source: Accessed March 02, 2023. https://www.statista.com/statistics/871513/worldwide-data-created/, IDC, and Statista. TABLE 38 DRUG DEVELOPMENT AND APPROVALS MARKET IN NEUROLOGY, BY COUNTRY, 20202027 (USD MILLION) What are the major revenue pockets in the real world evidence solutions market currently? Additionally, the adoption of RWE in the pharmaceutical industry continues to increase due to its use in meeting regulatory compliance requirements as well as payer demands related to HEOR. With rising challenges, healthcare payers are increasingly focused on evidence of clinical value for making market access & reimbursement/coverage decisions. Data monetization is the sharing of data between companies. Find out more about how we use your information in our privacy policy and cookie policy. 5.2.3 OPPORTUNITIES TABLE 46 RWE SOLUTIONS MARKET FOR PHARMACEUTICAL & MEDICAL DEVICE COMPANIES, BY COUNTRY, 20202027 (USD MILLION) TABLE 64 US: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) 10.2 NORTH AMERICA 12.1.19 VERANTOS INC. 2.7 LIMITATIONS Most pharmaceutical, biopharmaceutical, and medical device companies continue to invest heavily in the development of novel drugs and devices. 9.4 HEALTHCARE PROVIDERS TOP-LEVEL FINDINGS. 2.2 MARKET SIZE ESTIMATION: REAL WORLD EVIDENCE SOLUTIONS MARKET Domain News - Provides the latest real estate and property market news in Australia. The Aetion Evidence Platform (AEP) is the actual software that transforms the data into real-world evidence that answers questions surrounding operation safety, medical technologies and effectiveness. 6.1.1 EMERGING ROLE OF WEARABLE DEVICES 6.5.2.1 North America Congress defined RWE as data regarding the usage, or the potential benefits or risks, of a drug derived from sources other than traditional clinical trials. 11.9 COMPETITIVE SCENARIO 11.5 COMPETITIVE BENCHMARKING 12.1.3 OPTUM INC. (A SUBSIDIARY OF THE UNITED HEALTH GROUP, INC.) 10.4 ASIA PACIFIC 7.3.2.1 Increasing demand for integrated data from multiple sources to drive growth FIGURE 23 NUMBER OF CLINICAL TRIALS STARTED DURING 20152020 The interactive data tools below provide a way to explore public data from the 2022 EPA Automotive Trends Report. Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes) [Graph]. DownloadFree Sample Report Now @https://www.meticulousresearch.com/download-sample-report/cp_id=4954. For more information on RWE, please contact CDERMedicalPolicy-RealWorldEvidence@fda.hhs.gov. Statista. TABLE 16 DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) As a result, the demand for RWE services is higher in comparison to RWE data sets. The new edition of the report includes profiles for Thermo Fisher Scientific Inc. (US), Elevance Health Inc. (US), Cegedim Health Data (France), LabCorp Holdings (US), HealthVerity Inc. (US), and Datavant (US). TABLE 60 US: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 115 REST OF EUROPE: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The Big Data industry is driven by a sharp increase in data volume. TABLE 59 US: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 8.3 MEDICAL DEVICE DEVELOPMENT AND APPROVALS According to estimates, cancer, obesity, cardiovascular diseases, and diabetes, all of which are on the rise, are responsible for over half of all fatalities from chronic diseases. RWE data is needed for new drugs to successfully pass through clinical phases. Medical product developers are using RWD and RWE to support clinical trial designs (e.g., large simple trials, pragmatic clinical trials) and observational studies to generate innovative, new treatment approaches. 11.7.2 EMERGING LEADERS The job market has remained resilient through 2022 with employers still seeking to hire despite an uncertain economic outlook and elevated recession fears. TABLE 134 CHINA: MACROECONOMIC INDICATORS SAN FRANCISCO, Feb. 17, 2022 /PRNewswire/ -- T he global real world evidence solutions market size is anticipated to reach USD 66.4 billion by 2028, according to a new report by Grand View. Our real world data product includes more than 300 million longitudinal covered lives, 2 million healthcare providers and 98% of payers in the United States, with visibility into more than 120 million linked claims and electronic health records (EHR). Payers infrequently used real-world evidence (RWE), or information on how treatments work in the real world, to guide their medication coverage and reimbursement decisions. 6.7.2 EUROPE Get full access to all features within our Business Solutions. The ideal entry-level account for individual users. The surge is linked to the growing significance of RWE studies in determining how well drugs operate in actual situations and mitigating drug recalls. Pune, Feb. 20, 2023 (GLOBE NEWSWIRE) -- Real-world evidence is clinical evidence produced from information about the usage and possible advantages and disadvantages of a medical product (RWE).. FIGURE 6 MARKET SIZE ESTIMATION: SEGMENTAL EXTRAPOLATION 6.1.3 RISE IN THE USE OF RWD AND RWE ACROSS THE PHARMACEUTICAL INDUSTRY - 46) statistic alerts) please log in with your personal account. TABLE 36 LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASE (BY FEBRUARY 2022) 5.2.1.4 Increased R&D spending for the development of new pharmaceutical products and medical devices 12.1.11 SAS INSTITUTE The analysis of the collected data generates real-world evidence, which, in turn, helps in retrospective studies and provides meaningful insights into unmet needs and the clinical and economic impacts on patients and healthcare systems. the controller uses real-time particle size and moisture content data as well as Fluid Bed Granulation process data to make realtime process control decisions . A breakdown of the primary respondents is provided below: Note 1: C-level primaries include CEOs, COOs, CTOs, and VPs. TABLE 142 INDIA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 5.2.2 RESTRAINTS Real-world data (RWD) gathered from various sources associated with outcomes in a heterogeneous patient population in real-world settings. The absence of universally accepted standards or principles that can be used for designing, analyzing, and reporting RWE has become a major challenge in this market. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 7.3.1.2.1 Growing need to understand the economic benefits of drug reimbursement by payers to drive growth Currently, you are using a shared account. 10.6 MIDDLE EAST & AFRICA 12.1.5 SYNEOS HEALTH, INC. REDDING, Calif., March 10, 2022 /PRNewswire/ -- According to a new market research report titled "Real-World Evidence (RWE) Solutions Market by Component (Datasets [Clinical, Claims, Pharmacy, Integrated], Services), Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Global Forecast to 2028", published by Meticulous Research, the Real-World Evidence (RWE) solutions market is expected to grow at a CAGR of 11.8% from 2021 to 2028 to reach $4.4 billion by 2028. 6.8.2 JURISDICTION AND TOP APPLICANT ANALYSIS FIGURE 13 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION) RWE experts communicate and collaborate with the subject matter experts of the pharmaceutical and medical device companies to offer services to develop intelligent RWE strategies (consulting services) and use the analytical capabilities to provide meaningful statistical insights. RWE can be produced through various study designs or analyses, including but not . FIGURE 28 ECOSYSTEM COVERAGE: RWE SOLUTIONS MARKET TABLE 138 CHINA: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 180 ELEVANCE HEALTH: BUSINESS OVERVIEW FIGURE 12 DISPARATE DATA SETS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) FIGURE 43 REAL WORLD EVIDENCE SOLUTIONS MARKET RANKING, BY KEY PLAYER, 2021 FIGURE 40 NORTH AMERICA: RWE SOLUTIONS MARKET SNAPSHOT The diabetes segment witnessed a significant revenue share in the real world evidence solutions market in 2021. TABLE 131 JAPAN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Zillow has 314 homes for sale in Lake Arrowhead CA. The rise in the need to convert data into actionable evidence increased the need to reduce drug development delays, and the availability of a large volume of healthcare data is one of the major factors driving the growth of this market segment. Webinar White paper A five-year forecast of the market and noted trends. TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW Which geographical segment holds the major share of the global RWE Solutions Market? Moreover, the processes and evidence used in making pharmaceutical coverage decisions vary substantially among the payers. The global real estate market was valued at $28,917.7 billion in 2021, and is projected to reach $4,923.3 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031. : COMPANY SNAPSHOT (2021) The U.S. labor market still shows signs of resilience despite layoffs and slowdown in hiring. Over the next five years up to 2025,. The market size for data analytics and business intelligence software applications is projected to grow over the next few years. Big data comprises large data volumes, the size of which (petabytes and exabytes) exceeds the capacity of commonly employed software tools to purchase, manage and process data, over time. 11.9.3 OTHER DEVELOPMENTS 6.2 REAL-WORLD DATA SOURCES 5.2.1.3 Potential of RWE in reducing drug development costs and expediting the drug development process TABLE 30 INTEGRATED DATA SETS OFFERED BY KEY MARKET PLAYERS The figures prior to 2020 are based on IDC's forecast from late 2018. Use Ask Statista Research Service. As real world data frequently needs to combine data from multiple technology architectures including data from healthcare sources, patient reported outcomes, electronic data capture (EDC) or a mobile health technology, a highly specialized infrastructure is needed. 7500+ companies worldwide approach us every year for their revenue growth initiatives. The pressures are more significant in the oncological department, where high-cost agents with similar effects compete in the market. TABLE 153 REST OF ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) In addition, both companies would be able to accelerate product development in order to ensure efficiencies in patient recruitment, engagement, access, and diversity.Sep-2021: IQVIA joined hands with HealthCore, a U.S based real-world research organization, to advance its studies regarding real-world evidence efficiently. The global market of real world evidence solutions is projected to reach USD 2.9 billion. 6.5.2.3 Asia Pacific FIGURE 26 INTERNAL VS. OUTSOURCED RWE ANALYTICS APPROACH Real-World Evidence (RWE) Solutions Market by Component [Datasets (Clinical, Claims, Pharmacy, Integrated), Services], Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Forecast to 2028, https://www.meticulousresearch.com/product/us-rwe-solutions-market-5243. Businesses require robust evidence lifecycle management skills to demonstrate value. An assessment of the competitive landscape and market shares for major companies. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. 6.5 PRICING ANALYSIS You can only download this statistic as a Premium user. U.S. To profile the key players and comprehensively analyze their core competencies2 in terms of key developments, solution portfolios, and recent financials, To track and analyze competitive developments such as acquisitions, product launches, partnerships, and expansions in the real world evidence solutions market, Detailed analysis and profiling of additional market players (up to 5), Further breakdown of the RoAPAC market into Australia, South Korea, New Zealand, Hong Kong, Singapore, and other countries, Further breakdown of the RoE market into Switzerland, Russia, the Netherlands, Nordic countries, and other countries, Further breakdown of the Latin America market into Brazil, Mexico, and the Rest of Latin America, Get Data as per your Format and Definition, Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor, What are the Known and Unknown Adjacencies Impacting the Real World Evidence Solutions Market. TABLE 29 REGISTRY-BASED DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) 10.2.2.1 Growing number of clinical trials in Canada to drive market growth 11.7.4 PARTICIPANTS TABLE 184 TRINITY LIFE SCIENCES: BUSINESS OVERVIEW Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. TABLE 166 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE REAL WORLD EVIDENCE SOLUTIONS MARKET Real-world data (RWD) has become a powerful tool in the life sciences industry by pharmaceutical, biotechnology, & medical device companies; healthcare payers; healthcare providers; and other end users (academic research institutions, patient advocacy groups, regulators, and health technology assessment agencies) to add value at every stage of TABLE 86 UK: MACROECONOMIC INDICATORS 4.2 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY END USER AND COUNTRY (2021) The growth of this market is driven by factors such as the rising prevalence of chronic diseases, rapidly growing big data in healthcare, the shift from volume to value-based care, and the TABLE 151 REST OF ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Coming Soon listings are homes that will soon be on the market. TABLE 182 AETION INC.: BUSINESS OVERVIEW TABLE 19 CLINICAL SETTINGS DATA SETS OFFERED BY KEY MARKET PLAYERS TABLE 58 US: MACROECONOMIC INDICATORS Real World Evidence Solutions Market Size And Forecast Real World Evidence Solutions Market size was valued at USD 870.79 Million in 2020 and is projected to reach USD 2463.14 Million by 2028, growing at a CAGR of 13.92% from 2021 to 2028. For our commercial pharma clients we integrate their commercial datasets such as ex-factory, in market sales and activity data. 11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS Real World Data (RWD), patient data that originates from real world settings delivers powerful insights to healthcare stakeholders Podcast Leveraging insights made possible by AI technology, Medical Affairs professionals are fostering better connections with healthcare professionals. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. For example, although payers have begun employing RWE, they opt to use internal observational data from randomized clinical trials (RCTs) to influence drug coverage choices. TABLE 108 SPAIN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) Global Real World Evidence Solutions Market Size, Share & Trends Analysis Report by Component (Services, Data Sets), by Application, by End-user, by . An official website of the United States government, : 10.3.6 REST OF EUROPE FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 13.5 AUTHOR DETAILS. The partnership would allow the company to optimize clinical studies and real-world evidence generation.Scope of the StudyMarket Segments covered in the Report:By Component Services Data SetBy Therapeutic Area Oncology Cardiology Neurology Diabetes Respiratory OthersBy End-user Healthcare Companies Healthcare Payers Healthcare Providers OthersBy Application Drug Development & Approvals Medical Device Development & Approvals Reimbursement/Coverage & Regulatory Decision Making Post Market Safety & Adverse Events MonitoringBy Geography North Americao USo Canadao Mexicoo Rest of North America Europeo Germanyo UKo Franceo Russiao Spaino Italyo Rest of Europe Asia Pacifico Chinao Japano Indiao South Koreao Singaporeo Malaysiao Rest of Asia Pacific LAMEAo Brazilo Argentinao UAEo Saudi Arabiao South Africao Nigeriao Rest of LAMEACompanies Profiled IBM Corporation Oracle Corporation Medpace Holdings, Inc. IQVIA Holdings, Inc. ICON plc PerkinElmer, Inc. Parexel International Corporation (Phoenix Parentco, Inc.) PPD, Inc. (Thermo Fisher Scientific, Inc.) UnitedHealth Group, Inc. (Optum, Inc.) Syneos Health, Inc.Unique Offerings Exhaustive coverage Highest number of market tables and figures Subscription based model available Guaranteed best price Assured post sales research support with 10% customization freeRead the full report: https://www.reportlinker.com/p06422625/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Data, MarketsandMarkets offers customizations as per your companys specific needs given market data, MarketsandMarkets customizations... To make realtime process control decisions the growing significance of RWE studies in determining how well drugs operate in situations! Within our business solutions sources, for using a shared account well as Fluid Granulation! In Australia next few years how well drugs operate in actual situations and mitigating drug recalls for our pharma. 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